§ 521a-7a

521A.7A Announcements to the public — prohibition. 1. a. The group capital calculation and all supporting documentation filed pursuant to section 521A.4, subsection 13, and the liquidity stress test results and all supportingdocumentation filed pursuant to section 521A.4, subsection 14, shall be designated asregulatory tools utilized for the purpose of assessing group risks, and capital adequacy andgroup liquidity risks, respectively, and shall not be construed as a means to rank insurers orinsurance holding company systems. b. Except as otherwise required under this chapter, an insurer, broker, or other person engaged in the business of insurance shall be prohibited from making an announcement tothe public. For purposes of this subsection, 'announcement to the public' means the use,directly or indirectly, of any print media, broadcast media, electronic media, subscriptioninternet site, internet site available to the public, or any other means to make a representationor statement related to any of the following: (1) (a) An insurer’s or an insurer group’s filings made under section 521A.4, subsection 13, including a group capital calculation and any supporting documentation.

t related to any of the following: (1) (a) An insurer’s or an insurer group’s filings made under section 521A.4, subsection 13, including a group capital calculation and any supporting documentation. (b) Any component derived from an insurer’s or an insurer group’s group capital calculation or supporting documentation filed under subparagraph division (a). (c) Any comparison of an insurer’s or an insurer group’s group capital calculation, group capital ratio, or other metric calculated or derived from the insurer’s or insurer group’s filingsunder subparagraph division (a). (2) (a) An insurer’s or an insurer group’s filings made under section 521A.4, subsection 14, including the result of the liquidity stress test and any supporting documentation. (b) Any component derived from the results of an insurer’s or an insurer group’s group liquidity stress test or supporting documentation filed under subparagraph division (a). (c) Any comparison of an insurer’s or an insurer group’s liquidity stress test or other metric calculated or derived from the insurer’s or insurer group’s filings under subparagraphdivision (a). 2.

. (c) Any comparison of an insurer’s or an insurer group’s liquidity stress test or other metric calculated or derived from the insurer’s or insurer group’s filings under subparagraphdivision (a). 2. If an insurer or an insurer group is able to demonstrate to the commissioner with substantial proof the material falsity or inappropriateness of an announcement made to thepublic under subsection 1, paragraph 'b', by an insurer, broker, or other person engaged inthe business of insurance, the insurer or insurer group may publish an announcement in awritten publication if the sole purpose of the announcement is to rebut the materially falseor inappropriate announcement made to the public by the insurer, broker, or other personengaged in the business of insurance. 2022 Acts, ch 1050, §9 Sat Dec 23 00:52:34 2023 Iowa Code 2024, Section 521A.7A (2, 0)